Mumbai: UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended 31 December 2013.

Rs. in crores

Quarter ended

Nine month ended

31.12.13

31.12.12

30.09.13

31.12.13

Net sales

4,786

4,857

4,502

14,246

PBIDT

864

1,145

717

2,818

PAT

370

601

264

1,306

Net sales stood at Rs.4,786 crore as compared to Rs.4,857 crore in the corresponding period of the previous year. Profit before Interest, Depreciation and Tax is (PBIDT) Rs.864 crore and Profit after Tax (PAT) is Rs.370 crore vis-a-vis Rs.1,145 crore and Rs.601 crore respectively, in the corresponding period of the earlier year.

The combined domestic cement and clinker sales remained flat at 9.7 MnT, while it was 2.89 LmT (2.62 LmT) for white cement and wall care putty.

The results for the quarter have been impacted mainly on account of lower selling prices due to the subdued demand. However, on-going cost optimisation measures have helped in containing costs despite the continuing increase in input and logistics costs.

Outlook
The outlook continues to remain challenging. Demand growth in the long term is likely to be around 8 per cent. The key demand drivers will continue to be housing and infrastructure spends.